Wells Fargo Reflect® Card Review
If you’re looking for a credit card with an outstanding intro APR for purchases and balance transfers, look no further than the Wells Fargo Reflect credit card. The Reflect Card also distinguishes itself with a focus on financial wellness, offering unique features designed to help users manage their spending and build credit responsibly.
Our Verdict
Best Suited for:
Everyday Spender
This consumer relies on their credit card for everyday purchases. They want something that combines convenience, rewards, flexible credit limits, enhanced security, and robust online/mobile account management to create a seamless and rewarding experience. They want something that rewards everyday purchases, such as grocery runs, gas fill-ups and online shopping. Rewards that can help them deal with inflation.
Pros and cons of Wells Fargo Reflect
Pros | Cons |
---|---|
Extended intro APR on purchases and balance transfers | Does not earn rewards |
No annual fee | Does not offer Visa Signature benefits or concierge services |
Provides cell phone protection, roadside dispatch, and more | 3% foreign transaction fees |
Comparing Wells Fargo Reflect with similar cards
Wells Fargo Reflect®
Bank of America® Customized Cash Rewards
Chase Freedom Flex®
Beyond the basics
Balance transfer intro APR | 0% for 21 months |
Cash advance APR | The variable APR for cash advances will depend on the cardholder’s creditworthiness. |
Foreign transaction fees | 3% of each transaction converted to US dollars. |
Loan APR | None |
Late payment fee | Upto $40 |
Penalty APR | None |
Credit score required | 670+ (Good – Excellent) |
Other offers
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My Money MapTrack spending, create budgets, save for goals, and manage debt using Wells Fargo’s online budgeting tool.
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Roadside dispatch24/7 emergency roadside assistance, towing, and locksmith service on demand.
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Zero liability protectionAs long as transactions are reported promptly, you are never held responsible for unauthorized purchases on your account.
What we like about this card
Longer Intro APR
At the time of this article, the Reflect card offers a 0% intro APR period on purchases and balance transfers for 21 months, one of the longest intro APR periods on the market. This is great for those looking to make a large purchase soon or transfer high-interest credit card balances to pay off debt faster.
Repay over time feature
The standout feature of the Wells Fargo Reflect Credit Card is the "Repay Over Time" option. This unique feature allows cardholders to select specific purchases to pay off gradually, offering a practical solution for managing larger expenses while maintaining financial control.
Focus on financial wellness
The Reflect Card demonstrates a commitment to customer financial wellness. By encouraging responsible credit behavior and providing tools for credit management, Wells Fargo aims to support cardholders in building a healthier financial future.
Building credit responsibly
The card is tailored to individuals looking to establish or improve their credit history responsibly. With features designed to promote responsible credit usage, users can work towards enhancing their creditworthiness over time.
Wells Fargo mobile app integration
The seamless integration with the Wells Fargo mobile app enhances the overall user experience. Cardholders have convenient access to account information, transaction history, and payment options at their fingertips, making it easier to stay on top of their finances.
No annual fee
The Wells Fargo Reflect Credit Card may come with the added benefit of no annual fee. This makes it an attractive option for individuals seeking a cost-effective credit card without the burden of additional yearly expenses.
Flexibility in repayment
The card provides users with flexibility in how they manage their payments. The ability to choose specific purchases for extended repayment offers a level of control that is not commonly found in traditional credit cards.
Educational resources
Wells Fargo provides educational resources and tools to help cardholders make informed financial decisions. This commitment to financial literacy is a positive aspect for individuals looking to expand their knowledge and make sound financial choices.
Drawbacks and considerations
Limited rewards program
Compared to other credit cards, the Reflect Card doesn't have a cash back, points, or miles rewards program. Individuals who prioritize earning rewards or cash back might find other cards with more robust rewards systems to be a better fit for their needs.
Interest rates
One notable consideration is the potential for higher-than-average interest rates, depending on the cardholder's creditworthiness. Individuals who carry a balance from month to month should be aware of the impact of these interest rates on the overall cost of using the card.
Fees
While the Reflect Card may not have an annual fee, there could be other fees associated with certain transactions. Prospective cardholders should carefully review the terms and conditions to understand potential fees for late payments, cash advances, or balance transfers.
Credit limit
The credit limit assigned to the Reflect Card may vary based on the individual's credit history and financial profile. Some users might find the initial credit limit to be lower than expected, potentially limiting their purchasing power.
Focus on repayment planning
While the "Repay Over Time" feature is a unique benefit, users need to be disciplined in their repayment planning. Failing to manage this feature effectively could lead to increased overall costs and potential financial strain.
How to decide if this card is right for you
Deciding if the Wells Fargo Reflect Credit Card aligns with your financial goals requires a thoughtful consideration of your spending habits, financial priorities, and preferences. Here are key factors to help you determine if this card is the right fit for you:
Financial goals
Evaluate your financial goals and priorities. If building or improving your credit history is a primary objective, the Reflect Card's focus on responsible credit management may align well with your aspirations.
Credit usage habits
Consider your credit usage habits. If you anticipate carrying a balance or have a need for flexibility in managing specific purchases over time, the "Repay Over Time" feature could be a valuable tool for your financial toolkit.
Interest considerations
Assess your comfort level with interest rates. While the Reflect Card offers unique features, it's essential to weigh the potential impact of high interest rates on your overall cost of credit. If you plan to pay off your balance in full each month, the interest rates may have less significance.
Rewards prioritization
If earning rewards is a high priority for you, it's worth comparing the Reflect Card's rewards program to other credit cards. While the Reflect Card offers unique benefits, its rewards program may be more modest compared to cards with a stronger emphasis on rewards.
Mobile banking preferences
Take into account your preferences for mobile banking. If having easy access to account information and management tools on-the-go is important to you, the integration with the Wells Fargo mobile app may be a significant advantage.
Tolerance for fees
Carefully review the fee structure associated with the Reflect Card. If you are comfortable with the potential fees for certain transactions and confident in your ability to manage your account responsibly, the card's benefits may outweigh these considerations.
Expert's take on the Wells Fargo Reflect Card
Ways to maximize the benefits of this card
Take advantage of 0% intro APR on balance transfers
The Reflect card has a 0% intro APR for 21 months on qualifying balance transfers. If you’re considering debt consolidation and looking for a strong balance transfer credit card, consider the Reflect card, which allows you to consolidate debt without accruing interest for that intro period.
Use for large purchases
You’ll also avoid interest accrual on large purchases for the first 21 months of owning the card. If you are making a large purchase, using this credit card can help save you money.
Review your benefits
Take the time to review the benefits and features of your Reflect card regularly to ensure you are taking full advantage of everything it has to offer, such as cell phone protection and roadside dispatch.
Combine with other Wells Fargo credit cards
If you have other Wells Fargo credit cards that earn points or cash back, consider using these cards for everyday purchases to maximize your rewards potential. You can then redeem those rewards for cash back, statement credits, gift cards, merchandise, and more.
What users are saying about this card
How this card helps the environment along with you
The Wells Fargo Reflect credit card not only offers value when it comes to interest savings on balance transfers and large purchases, but also contributes to a positive environmental and social impact. For example:
1. Wells Fargo is committed to reducing its environmental footprint. The company has implemented various initiatives to promote sustainability, such as reducing paper usage, increasing energy efficiency, and supporting renewable energy projects.
2. Wells Fargo is dedicated to social responsibility and community development. The company supports a wide range of social initiatives, including affordable housing programs, financial education, and community development projects.
3. Wells Fargo upholds strong governance practices, ensuring transparency, accountability, and ethical conduct in its operations.
4. Wells Fargo offers impact investing opportunities through its investment products and services. These opportunities allow you to invest in companies and projects that have a positive impact on society and the environment.
Found a prefect pair
Methodology
At Credello, our credit card content is crafted and maintained by a dedicated team of writers and editors with extensive expertise in personal finance. Our team members have contributed to prestigious publications such as USA Today, Conde Nast Traveler, Travel + Leisure, Forbes, Business Insider, Thrive Global, Observer, New York Magazine. They have also been quoted as experts or cited by MarketWatch, The New York Times, Money, and GOBankingRates.com.
Credello’s credit card reviews aim to provide readers with clear and unbiased information to help them choose the right credit card that aligns with their financial goals and needs. Our methodology emphasizes transparency, disclosure of any potential biases, and regular updates to ensure the information remains relevant and accurate for readers. The methodology used to review credit cards relied on a number of factors, with the most prominent of those being:
- Annual Percentage Rate (APR): Assess the interest rates charged on outstanding balances.
- Annual fees: Evaluate the cost of owning the credit card, including any annual fees.
- Rewards and benefits: Examine rewards programs, cashback offers, travel perks, and other cardholder benefits.
- Introductory offers: Analyze introductory APR, balance transfer offers, and sign-up bonuses.
- Credit limit: Consider the card’s credit limit and its suitability for different financial needs.
- Fees and penalties: Review late fees, foreign transaction fees, and other charges.
- Credit score requirements: Determine the credit score needed to qualify for the card.
- Customer service: Research the quality and accessibility of customer support.
- Security features: Assess security measures such as fraud protection and chip technology.
With decades of combined experience, our team is committed to providing accurate and up-to-date information. We follow stringent editorial guidelines to ensure the integrity and reliability of our content. Our writers and editors regularly communicate with credit card issuers to verify that the details we provide are current and correct. When there are updates to credit card offers, our editorial team promptly reviews and revises our content to reflect these changes, ensuring our readers always have access to the most accurate information available.
The product information provided here is based on research conducted up to a specific date and may have changed. For the latest and most accurate information, we recommend you to visit the respective card’s website before proceeding.
FAQs
To transfer a balance to the Wells Fargo Reflect Card, ensure that you are eligible for balance transfers. Collect the necessary information about the account from which you want to transfer the balance, then call the Wells Fargo customer service number to get guidance through the process.
Learn More: How to Do a Balance Transfer with Wells Fargo
There is no specific information indicating that the Wells Fargo Reflect Card is a metal credit card. However, credit card materials and designs can change, and new card versions may have been released since then.
Start by visiting the Wells Fargo website and find where you can check for pre-approval offers. You may need to enter some basic information, and then you’ll learn more about credit cards for which you are preapproved. If you find that you are pre-approved for the Wells Fargo Reflect Card and you are interested, you can proceed to the application process. You can also visit a Wells Fargo branch or contact Wells Fargo customer service to inquire about pre-approval options.
Learn More: How to Get Pre-approved for Wells Fargo Credit Cards?
Check out popular balance transfer cards
At a Glance
- Pros and cons of Wells Fargo Autograph
- Hidden perks
- Comparing Wells Fargo Reflect with similar cards
- Beyond the basics
- Other offers
- What we like about this card
- Drawbacks and considerations
- How to decide if this card is right for you
- Ways to maximise the benefits of this card
- How this card helps the environment along with you
- Methodology
- FAQs
In this article